tag:blogger.com,1999:blog-8537995.post618331258552997742..comments2023-10-29T10:54:58.681-04:00Comments on Vox Baby: Citigroup, Yeah, RightAndrewhttp://www.blogger.com/profile/13514024573333057559noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-8537995.post-66275346315797308882008-03-04T11:32:00.000-05:002008-03-04T11:32:00.000-05:00Uhhhhh.... the Rockerfellers suck. That is about ...Uhhhhh.... the Rockerfellers suck. That is about the extent of my input into this discussion. But since they control the Fed, the CFR, and our government, what are the chances of any real regulation of this world banking monopoly?<BR/><BR/>None. But if they go under I guess we could say Meredith Whitney was right. Interestingly since all the rich sheiks are investing their sovereign wealth Emeryhttps://www.blogger.com/profile/11674951490939784379noreply@blogger.comtag:blogger.com,1999:blog-8537995.post-66263196873463034122007-11-13T16:20:00.000-05:002007-11-13T16:20:00.000-05:00HSBC bank IS NEXT TO JOIN THE BANKERS GRAVEYARD,,,...HSBC bank IS NEXT TO JOIN THE BANKERS GRAVEYARD,,,Some damaging information on HSBC is due out shortly,,shitloads of subprime on the books,,,wow wow wo wo woshhhhhhhhhAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8537995.post-89938506762556636132007-11-13T10:10:00.000-05:002007-11-13T10:10:00.000-05:00Well, you guys don't get it...if the financial inc...Well, you guys don't get it...if the financial incentives surrounded getting the retirees their money, it would happen; but as it is, they surround getting the "extra" profit back into companies. As with anyone owned by money (salespeople, bankers), change the incentive, change the behavior.Tomhttps://www.blogger.com/profile/07472891144832591202noreply@blogger.comtag:blogger.com,1999:blog-8537995.post-45506010876174335792007-11-12T21:07:00.000-05:002007-11-12T21:07:00.000-05:00This is unreal. Citigroup is good at managing ris...This is unreal. Citigroup is good at managing risk? Really? I can see it now, Citigroup uses these pension plans to buy MLEC assets! Whose idea is this? Hank Paulson's? This is a joke."We believe we're better at managing financial risk than anybody else", said Jacobs. Give me a break. This smells like a Ponzi scheme.Independent Accountanthttps://www.blogger.com/profile/07800220849565219709noreply@blogger.comtag:blogger.com,1999:blog-8537995.post-42946435977993273272007-11-12T13:46:00.000-05:002007-11-12T13:46:00.000-05:00My issue with pension funds is overhead costs and ...My issue with pension funds is overhead costs and under performance. I've wondered why companies and public agencies (including non-profits) just don't outsource the whole kit and kaboodle to Vanguard or the like. It could be invested 80% in VTI and 20% in BND at .11% annual expenses (or lower due to bulk buys) and be done with it.<BR/><BR/>When someone retires, they shift their portion of the muckdoghttps://www.blogger.com/profile/09964364454247504787noreply@blogger.comtag:blogger.com,1999:blog-8537995.post-1670812941485748492007-11-12T09:57:00.000-05:002007-11-12T09:57:00.000-05:00The only possible upsides for workers would be:1) ...The only possible upsides for workers would be:<BR/><BR/>1) the plan could not (presumably) be dragged through a Chapter 11<BR/>2) the plan would still be subject to Erisa???? (need a legal answer on that both of these)<BR/><BR/>Citigroup - now that would be funny if the possibilities were not so tragic.<BR/><BR/>I would rather take my chances with New York Life (annuity) than with Citigroup or save_the_rustbelthttps://www.blogger.com/profile/15292805042626368911noreply@blogger.com